Abbott Defeats Shareholder Lawsuit Over 2022 Infant Formula Recall July 27, 2026 By Jonathan Stempel A federal judge on July 24 dismissed a lawsuit accusing Abbott Laboratories of defrauding shareholders by downplaying and trying to...
Prudential Reimburses 2.85 Billion Yen After Misconduct Probe July 24, 2026 By Nil Codina Martinez Prudential Financial Inc. said it reimbursed 437 individuals about a total of 2.85 billion yen ($17.4 million) as part of...
US Mortgage Rates Rise for Third Straight Week July 24, 2026 By Prashant Gopal Mortgage rates in the US, already the highest in almost a year, rose for a third week, squeezing affordability as...
Liberty Mutual Introduces Its Newest Brand Character: Liberty Biberty July 24, 2026 Liberty Mutual Insurance has introduced its first new brand character in eight years: Liberty Biberty, the embodiment of the warm,...
People Moves: AIPSO Appoints Willis President and CEO; Canopius Names HSBC’s Alioto as Group COO; Doubtless Adds to North American Leadership July 24, 2026 The Automobile Insurance Plans Service Office (AIPSO) appointed Executive Vice President Les Willis as president and CEO. Willis succeeds President...
Report: Claims Severity Reaches All-Time High, Frequency Declines July 24, 2026 All Peril severity reached an all-time high in 2025, rising 25.9% from a year earlier, a new report shows. LexisNexis...
Federal Judge Casts Doubt on 69,000 Cases Alleging J&J Talc Caused Cancer July 23, 2026 By Dietrich Knauth A federal judge cast doubt on July 22 on claims by approximately 69,000 people alleging that Johnson & Johnson’s JNJ.N...
Q2 Global Commercial Insurance Rates Keep Dropping, Except for US Casualty July 23, 2026 By L.S. Howard Global commercial insurance rates dropped by 6%, on average, in the second quarter of 2026, following a 5% decline in...
Meta Employees’ Lawsuit Shows That if AI Fires You, Proving it Is the Hard Part July 23, 2026 By Daniel Wiessner A novel lawsuit claiming that Meta Platforms relied on discriminatory AI tools to select employees for layoffs highlights the problems...
Deja Vu as Berkley Bashes Delegated Underwriters During Quarterly Call July 23, 2026 By Chad Hemenway W.R. Berkley’s CEO wasted no time addressing the issue that has been stuck in his craw for at least a...